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Examples
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Ellen and Jim Kirchman found themselves in this predicament--twice.
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Kirchman says that American Express sees a dramatic increase in interest in streamlining the procure-to-pay process this year.
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Kirchman says that American Express sees a dramatic increase in interest in streamlining the procure-to-pay process this year.
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Kirchman says that American Express sees a dramatic increase in interest in streamlining the procure-to-pay process this year.
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Once the analysis is complete, Kirchman suggests pcard managers look at the ordering process; many clients are increasing ordering through e-procurement systems.
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The American Express Spend Analysis Workbench "is a full analysis of a client's AP files so we can help spot new opportunities to deepen their relationships with their suppliers as well as identify out-of-policy spend," says Kirchman, adding that employee noncompliance is one of the greatest barriers to growing a pcard program.
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Once the analysis is complete, Kirchman suggests pcard managers look at the ordering process; many clients are increasing ordering through e-procurement systems.
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Once the analysis is complete, Kirchman suggests pcard managers look at the ordering process; many clients are increasing ordering through e-procurement systems.
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As the appetite for data to gather and analyze increases for the Pcard user, Kirchman says that a clearly outlined preferred supplier policy defines the level of control over cash flows for the p-card user as well as what degree of supplier compliance is required.
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The American Express Spend Analysis Workbench "is a full analysis of a client's AP files so we can help spot new opportunities to deepen their relationships with their suppliers as well as identify out-of-policy spend," says Kirchman, adding that employee noncompliance is one of the greatest barriers to growing a pcard program.
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